Leonard Green & Partners, L.P.
Leonard Green & Partners, L.P., founded in 1989 in Los Angeles, manages about $75 billion in assets, focusing on consumer, healthcare, business services, distribution, and industrials investments.
Company Overview
Leonard Green & Partners, L.P. is an American private equity investment firm founded in 1989 and based in Los Angeles. The firm manages approximately $75 billion in assets as of December 31, 2023. It focuses on deploying capital in the services sector, particularly in consumer, healthcare, and business services, as well as in distribution and industrials. Operating from a single office enhances its collaborative culture and enables agile decision-making processes.
Investment Strategy
Leonard Green & Partners has a diversified investment strategy that includes traditional buyouts, going-private transactions, recapitalizations, growth equity, and selective public equity and debt positions. The firm has made over 140 investments, evidencing its robust expertise and experience. This strategy allows the firm to effectively manage risk while capitalizing on various market opportunities.
Commitment to ESG
Leonard Green & Partners has a longstanding commitment to Environmental, Social, and Governance (ESG) principles. The firm is carbon neutral across Scope 1, Scope 2, and business travel emissions. It is also a member of the ESG Data Convergence Initiative, signifying its active engagement in improving ESG metrics. Further, the firm is a signatory of ILPA’s Diversity in Action Initiative and a founding member of Ownership Works, promoting employee ownership and inclusivity.
Workforce and Portfolio
As of year-end 2022, Leonard Green & Partners' portfolio companies collectively employ approximately 385,000 individuals. This represents a 28% increase in headcount since the inception of GEI V in 2007. The firm’s commitment to workforce growth and development is integral to its investment philosophy, aiming to nurture and expand its human capital base across its investments.
Carbon Neutral Initiatives
Leonard Green & Partners achieves carbon neutrality across Scope 1, Scope 2, and business travel emissions. The firm’s sustainability efforts are a key component of its broader ESG commitment. Through various environmental initiatives, Leonard Green & Partners continually works to mitigate its carbon footprint, demonstrating a proactive approach to environmental stewardship.